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Ann: Financial Report for the Half Year Ended 31 Dec 2017, page-37

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maxi1981

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02/03/18

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Post #: 31467550
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Originally posted by maxi1981 ↑

Source:
http://avalonadvancedmaterials.com/news_media/news_releases/index.php?content_id=829

AVALON COMPLETES PLANNED DRILLING PROGRAM ON SEPARATION RAPIDS LITHIUM PROJECT
February 23, 2018
Toronto, Ontario--(Newsfile Corp. - February 23, 2018) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQX: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has completed the diamond drilling program on its Separation Rapids Lithium Project near Kenora, Ontario.

As planned, six holes totalling 1,500 metres were completed in just under one month. The program ran very smoothly without delays or technical issues. The objective of the drill program was to expand lithium resources of both the lepidolite and petalite-rich mineralization and better define near surface resource geometry for mine planning purposes.

Results from visual observations confirm continuity of lithium mineralization to depth with increased thicknesses of lepidolite-rich lithium mineralization on the east end of the deposit.

Assay results are expected in four to six weeks.

The main deposit consists of a large, zoned vertical pegmatite dyke typically averaging 15 to 35 metres in thickness, accompanied by a swarm of narrower mineralized dykes of similar but variable lithium mineralogy. These dykes tend to be lepidolite-rich on both the east and west extensions and on the northern side of the main petalite-rich portion of the deposit. Resource estimates to date have indicated that about 20% of the presently estimated tonnage is lepidolite-rich, accompanied by petalite, and the remaining portion is petalite with minor lepidolite content.

Holes 79 and 80 tested the east side of the deposit to similar depths and intersected a wider zone of lepidolite-rich lithium mineralization than anticipated. Hole 79 intersected 45 metres of mainly lepidolite-petalite mineralization, which represents a true thickness of approximately 20 metres.

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Ann: Financial Report for the Half Year Ended 31 Dec 2017, page-37

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Ann: Financial Report for the Half Year Ended 31 Dec 2017, page-37

Top Stories

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